Houston tech company snatches up Austin security firm

Houston-based Identity Automation has acquired Austin-based 2FA Inc. and its 16 employees, according to a statement from the company.

The value of the deal, which closed Aug. 17, was not disclosed. Identity Automation used cash and financing for the deal, according to CEO James Litton. While this was the company’s first acquisition in its history, it won’t be its last, Litton said.

“This is the first of what we view as an ongoing strategy around growing the company,” Litton told the HBJ. “We’ll take a look at a number of different possibilities to continue to grow the company through acquisitions.”